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The Renaissance and Industrial Revolutions generated better lives by creating new jobs, new opportunities, and wealth---they expanded GDP.
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Professor David Blanchflower of Dartmouth College, New Hampshire – better known in Britain for being the only member of the Bank of England's monetary policy committee to see the recession coming – has spent decades working on measures of happiness and wellbeing which, he says, offer politicians much more useful ways to think about what policy they should aim for, rather than merely expanding GDP.
These are inherently anti-infrastructure and undermine large scale competitive shareholder responses that expand our GDP.
Extreme wishful thinking though this may be, it's linked to a planned ten-year revamp of the North Korean economy to expand national GDP from a meager $30 billion last year to $1 trillion by 2020.
Their push is supposed to begin a planned ten-year revamp of the North Korean economy that seeks to expand national GDP from a meager $30 billion last year to $1 trillion by 2020.
Despite a horrible housing market, real GDP expanded at a 2.8% annual rate in Q2, while real GDP was basically flat in the third quarter.
GDP grew by 0.1% in the three months to December.Japan's GDP expanded by 1.1% in the last quarter of 2009.
Last year GDP expanded by 5.7%.
In the year to the first quarter, GDP expanded by 1.5%.
South Korea's GDP expanded by 0.2%, after plunging 19% in the previous three months.
GDP expanded by more than expected in July; retail sales gathered pace.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com